Ford’s quality issues continue to be problematic as the automaker recalled 456,565 compact SUVs and pickups due to a battery issue that could cause the vehicles to lose power. Get details at Headlight.News.
Business
Interest Rate Drop Makes New Cars More Affordable
If you’ve been in the market for a new vehicle anytime in the past few years, the record-high prices have been enough to make you get back in your old car and go home and wait, hoping for a price drop. Well, prices have been falling for several months, including last month courtesy of the recent drop in interest rates. Find out more at Headlight.News.
General Motors Moving HQ – But Not Very Far
For the fourth time in its more than 100-year history, General Motors is moving its corporate headquarters – but it isn’t going very far. The automaker will relocate from the current, facility along the Detroit River to the city’s newest highrise 1.2 miles away. The move was driven by a variety of factors, said GM CEO Mary Barra, including the need for less office space following the COVID pandemic.
Auto Insurance Costs Soar, The Unthinkable Corvette Is Coming, EVs Clear The Air All Covered In Latest Headlight.News Podcast
Headlight News for the Week of 4-15-2024 – Auto Insurance Costs Soar – The Unthinkable Corvette Is Coming – EVs Clearing Teh Air – Lincoln Nautilus Review – A Week In Automotive History
BMW Bringing Product Blitz in Bid to Lock Luxury Market Leadership
It was a good year for BMW, the automaker gaining traction in most global markets while setting an all-time record in the U.S. To keep the momentum going, the automaker is planning a product blitz that will see nearly 40 new models come to market over the next half-decade, including an assortment of battery-electric vehicles, EVs already generating about 13% of the Bavarian automakers U.S. sales.
Tesla Cutting 10% of Workforce Globally, Implementing Other Changes
Tesla CEO Elon Musk is reacting to the EV maker’s sluggish sales by cutting 10% of the company’s global workforce, according to reports. Additionally, he’s making other personnel changes aimed at reducing overhead. The move comes 10 days after he slashed prices on vehicles to stimulate sales. Find out more at Headlight.News.
Ford Latest to Cut EV Prices, Dropping Lightning as Much as 7.5%
Ford is the latest automaker to cut the price of an electric vehicle, shaving as much as 7.5% off the F-150 Lightning pickup truck. The move comes as the automaker resumed deliveries of the pickup — and several others. Find out more at Headlight.News.
Soaring Car Insurance Costs are Setting Fire to Inflation
Forget rising food costs and high interest rates. Soaring auto insurance costs have become a major contributor to resurgent inflation. March saw some of the biggest increases in premiums U.S. motorists have seen in a half century.
Ineos Charging More for Grenadier Pickup than SUV
Nascent vehicle maker Ineos plans to charge $14,000 more for its new Grenadier Quartermaster pickup than its initial offering, the Grenadier SUV. The Quartermaster’s pricing starts at $86,900 and can be optioned up past $113,000. Get details at Headlight.News.
Showdown in Tennessee: VW Workers to Vote on the UAW
Barely a week from now the 4,000 workers at the Volkswagen of America plant in Chattanooga will begin voting on whether they want to join the United Auto Workers in the first test of the UAW’s effort to sign up workers at the foreign-owned automotive plants that have popped up across the United States over the last four decades.
Q&A: Toyota Brand Boss David Christ Talks the Future of Hybrids, Plug-Ins and BEVs
A quarter-century after launching the first Prius, Toyota Tuesday introduced its 19th hybrid, the 2025 4Runner. The automaker’s “portfolio approach,” offering a mix of hybrids, PHEVs, EVs and fuel-cell vehicles has become controversial — but may be vindicated by slowing growth in the EV market. In this Q&A, Toyota’s U.S. brand boss David Christ talks about why giving customers a choice makes sense — while also laying out plans for even more electrified models in the near future.
GM Takes Another Step Toward Going Back to the Moon
General Motors is headed back to the moon — maybe. It is providing Ultium batteries as well as some experience with chassis and suspension development for the next-generation lunar terrain vehicle that just got the green light from NASA. Find out more about the project and GM’s role in it at Headlight.News.